RD Calculator
Calculate maturity amount for Recurring Deposit with quarterly compounding.
What is RD Calculator?
A Recurring Deposit (RD) lets you save a fixed amount every month and earn interest at a predetermined rate. An RD calculator estimates the maturity value of your monthly deposits based on the interest rate and tenure.
RDs are popular among salaried individuals who want to build a corpus through disciplined monthly savings with guaranteed returns.
How does the RD Calculator work?
Where M is the maturity value, R is the monthly deposit, i is the quarterly-compounded interest rate, and n is the number of quarters in the tenure.
Banks typically compound RD interest quarterly. The calculator shows the total amount deposited and the interest earned.
How to use the RD Calculator?
- Enter the monthly amount you want to deposit.
- Enter the RD interest rate offered by the bank.
- Enter the tenure in years.
- The calculator shows your maturity value and total interest earned.
Example
Try the calculator with your own numbers
- Enter your values in the input fields above.
- Adjust the values to match your situation.
- The result updates instantly as you change the inputs.
Benefits of using the RD Calculator
- Build a savings habit with small monthly deposits.
- Get guaranteed returns with capital protection.
- Plan for goals like vacations, festivals, or emergency funds.
- Compare RD rates across banks.
Who should use the RD Calculator?
- Individuals planning loans, investments, or retirement savings.
- Salaried employees estimating taxes, EMIs, and take-home pay.
- Small business owners tracking costs, margins, and cash flow.
- Students learning personal finance and investment concepts.
Tips for getting the most out of the RD Calculator
- Use realistic return rates — past performance does not guarantee future returns.
- Re-run the calculation whenever your income, expenses, or goals change.
- Compare a few scenarios (conservative, moderate, aggressive) before making a decision.
Frequently Asked Questions
Can I break an RD before maturity?
Yes, most banks allow premature closure, but they may charge a penalty and pay interest at a lower rate. Some banks require a minimum lock-in period.
Is RD interest taxable?
Yes, RD interest is taxable as per your income tax slab, and TDS applies if the interest exceeds the threshold in a financial year.
What is the minimum amount for an RD?
Most banks allow RDs starting from ₹100 to ₹500 per month, making them accessible to everyone.
Planning your finances is easier when you can see the numbers clearly. Use this calculator regularly to stay on top of your goals and make informed decisions.
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